Corsair Gaming (NASDAQ:CRSR – Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, November 3rd. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Corsair Gaming has set its FY 2022 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
Corsair Gaming (NASDAQ:CRSR – Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.27). Corsair Gaming had a positive return on equity of 4.42% and a negative net margin of 2.43%. The company had revenue of $283.90 million during the quarter, compared to analysts’ expectations of $274.81 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s quarterly revenue was down 40.0% compared to the same quarter last year. On average, analysts expect Corsair Gaming to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Corsair Gaming Stock Up 1.3 %
CRSR stock opened at $13.46 on Thursday. Corsair Gaming has a 12-month low of $10.96 and a 12-month high of $26.97. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -33.65 and a beta of 1.63. The company has a 50 day moving average of $13.46 and a two-hundred day moving average of $14.70.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CRSR. Bank of New York Mellon Corp raised its holdings in shares of Corsair Gaming by 224.2% during the 1st quarter. Bank of New York Mellon Corp now owns 540,458 shares of the company’s stock valued at $11,437,000 after purchasing an additional 373,738 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Corsair Gaming by 62.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 17,496 shares of the company’s stock valued at $370,000 after buying an additional 6,736 shares during the last quarter. Citigroup Inc. grew its stake in Corsair Gaming by 103.3% in the 1st quarter. Citigroup Inc. now owns 38,266 shares of the company’s stock valued at $810,000 after buying an additional 19,447 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Corsair Gaming by 429.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock valued at $32,000 after buying an additional 1,224 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Corsair Gaming by 55.3% in the 1st quarter. MetLife Investment Management LLC now owns 15,389 shares of the company’s stock valued at $326,000 after buying an additional 5,482 shares during the last quarter. Institutional investors own 22.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Cowen cut their target price on shares of Corsair Gaming to $17.00 in a research report on Tuesday, August 9th. DA Davidson cut their price target on shares of Corsair Gaming to $20.00 in a report on Tuesday, August 9th.
Corsair Gaming Company Profile
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.
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